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Toyota ordered to pay a fine of over Rs 7000 crore in the USA

March 22, 2014, 03:11 PM IST by Selvin Jose
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Toyota ordered to pay a fine of over Rs 7000 crore in the USA

Toyota’s US operations is in a soup as the Japanese car maker has been ordered to settle claims worth 1.2 billion USD (Rs 7,307 crore). This judgement is for the problem of unintended acceleration related cases filed against them. 

The company recalled millions of vehicles over the issue in the late 2000s. This settlement has to be paid to the US justice department. According to the Wall Street Journal, the settlement has yet to be finalised. Speaking to the paper, a Toyota spokesman said the company had been looking into the matter "for more than four years".

"During that time, we have made fundamental changes to become a more responsive and customer-focused organisation," said the spokesman. "And we are committed to continued improvements."  Such incidents appear to be quite bad for the company which is known world over for making reliable cars and is likely to hit their image if not rectified quickly.

Source: Autocar UK

Tags:Toyota,Land Cruiser,Toyota Land Cruiser
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